Forex News and Rumors

Bank of England Ramps Up Quantitative Easing

The Bank of England will keep its benchmark interest rate at the current rate of 0.5 percent but has decided to inject another £50 billion ($84.8 billion) into the economy bringing the total amount spent on quantitative easing to £175 billion ($297 billion). In a statement released this morning, the Bank noted that the recession “appears to have been deeper than previously thought”. More

New US Jobless Claims Lower Than Expected

The number of new jobless claims in the US fell more than expected last week to a seasonally adjusted 550,000 – considerably better than the estimates of 580,000. However, the total number of people receiving unemployment benefits rose by 69,000 to 6.3 million. More

ECB Holds Line on Interest Rates

Calling the current record low interest rate of 1 percent “appropriate”, the European Central Bank voted to leave the rate unchanged. More

US Retail Sales “Sluggish”

While results are still being compiled, early indications from several merchant groups suggest that July’s retail sales remain “sluggish”.

“The consumer is stressed and depressed,” said Ken Perkins, president of retail consulting firm Retail Metrics. “Back-to-school shopping season is going to be very late.” He added that jobs are “everything right now,” and if the pace of job losses continues to slow, consumers will start to feel better. More

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.